Private Sector Stadium Contribution definition

Private Sector Stadium Contribution means six hundred fifty million dollars ($650,000,000) from non-governmental sources for Stadium Construction Costs and Stadium Infrastructure Costs. The six hundred fifty million dollars ($650,000,000) from non-governmental sources for Stadium Construction Costs and Stadium Infrastructure Costs shall be adjusted annually (or portion thereof) by a construction cost index (e.g., Engineer News Record) with the first adjustment to be made on January 1, 2018 (for the proceeding annual period) and subsequent adjustments to be made ending on the commencement of construction of the Convention Center Expansion and Stadium. The form of the contribution from the non-governmental sources may be cash or cash equivalents, pre-development expenses incurred for the Stadium by the Primary Lessee, proceeds from sale of personal seat licenses/stadium builders licenses, or other rights granting the holder of the license the right to purchase tickets to events to be held at the Stadium, lease revenues (including without limitation pre-paid rent), contractually committed revenues associated with the use and operation of the Stadium including committed revenues from sponsors, suite licensees and concessionaires, committed construction loans, or other committed funding sources, whether such funding is provided directly from the non-governmental sources or through the Governmental Entity or other governmental agency participating in the financing or construction of the Stadium.